Luxury News Weekly Podcast Season 2 Episode 5
In this podcast, the last of our second season of Luxury News Weekly Podcast we take a look at what we consider to be the top luxury news stories of 2022.
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The Foreclosed $500,000,000 USD “The One” Estate Is Being Auctioned Off
Located on the Westside of Los Angeles, California, Bel Air is known for its high-profile residents, from Jay-Z and Beyonce to Elon Musk. If you weren’t aware, the star-studded neighborhood is also home to the world’s alleged largest private residence — The One. The estate that has never been lived in has been listed for the first time at $295 million USD. While the home was once estimated at $500 million USD, the current asking price alone marks The One as America’s most expensive estate.
Having been recently completed by developer Nile Niami of Crestlloyd LLC after ten years of construction, The One is set on an elevated 3.8 acres overlooking the Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains. The main home, which spans 105,000 square feet, is the epitome of luxury and houses a 5,500-square-foot master bedroom outfitted with a patio, swimming pool, and a hot tub; a 10,000 square-foot sky deck; a 400-foot running track and tennis court; a Dolby Digital theater with over 40 seats; a beauty salon and a spa with saunas and treatment rooms and more. Other standout structures include a two-story library, a 30-plus-car garage, a 10,000-bottle wine cellar, and an infinity-edged swimming pool. Further decorating the mansion is art sculptures by contemporary artists such as Mike Fields and Stephanie Fields.
Bidding will likely take place in March and to be eligible to take part you will need to part with $250,000 first!
Daniel Arsham has designed the cover of Gunna’s new album
Gunna revealed the album artwork for his number one record, Drip Season 4.
The cover, designed by contemporary artist Daniel Arsham, resembles a diamond-filled statue of the rapper wearing an iced-out chain and black, angular sunglasses. The neo archeological image has received wide critical acclaim for its inventiveness and redefinition of album cover art. Arsham is known for a multitude of impactful artistic collaborations, including those with the likes of Ronnie Fieg and Kim Jones. Last month, the artist posted a photo with Gunna to Instagram, hinting at the crossover.
The World’s First Space Hotel to Open in 2027
Orbital Assembly Corporation, a new construction company run by former pilot John Blincow, is planning to open a luxury space hotel by 2027. Voyager Station, as it’s being called, would accommodate 280 guests and 112 crew members while aiming to be the first commercial space hotel, upon completion.
“We’re trying to make the public realize that this golden age of space travel is just around the corner. It’s coming. It’s coming fast,” Blincow told CNN in an interview. Golden age indeed, as space tourism has piqued the interest of such visionaries as Richard Branson and Elon Musk. And it’s the latter Blincow and his team hope to partner with in the near future.
For now, the space hotel isn’t commenting on its room rate, but comparing it to other proposed public space missions, it will like come at a steep cost. For example, Virgin Galactic plans to launch ordinary passengers into space at $250,000 per person, per trip. The team at Voyager Station, however, has already assured the public that they plan to eventually make a stay at the hotel something similar to buying a cruise ticket.
Thieves steal gallery owners’s multimillion pound NFT art collection
Thieves stole gallery owner Todd Kramer’s multi-million pound NFT art collection. A phishing scam drained his Ethereum wallet of 15 NFTs valued at a total of $2.2 million, including four apes from the “Bored Ape Yacht Club” collection. The thief seemed to have sold off many of the pieces in Kramer’s collection, and Twitter users jeered at Kramer’s bad luck, pointing out that he had bet on an unregulated, decentralized system that would be unable to help him.
But in the end, an authority did come through. With the help of the buyers and the NFT platform OpenSea, Kramer was able to get back several of his NFTs. Five hours after his original post, he wrote, in a tweet that has also since been deleted, “Update.. All Apes are frozen,,. Waiting for opensea team to get in,,,lessons learned. Use a hard wallet…”
Michael Caine selling off personal possessions and film memorabilia
Sir Michael Caine, British film icon and national treasure is looking to clear house before a big move and the 88-year-old movie star is instead teaming up with Bonhams to auction off mementos from his decades-long film career this March. Although not all of the lots have been unveiled, some of the items scheduled to go up for bid include pieces from his art collection, two pairs of the actor’s glasses and a gold Rolex.
We feel that a number of items have been conservatively estimated and we hope several lots break auction records.
Sir Michael Caine: the Private Collection will be held on Wednesday, March 2, in London. If you can’t make it to Bonhams, don’t worry, as you’ll be able to bid on items online.
It’s hard to think of a better opportunity for Caine fans and movie lovers alike to stock up on some rare memorabilia.
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